SomervilleMeetings

25-1034 Mayor's Request Approved

Requesting approval to appropriate $2,055,000 from the Facility Construction and Renovation Stabilization Fund to the Assembly Square Fire Station Capital Fund to reduce debt service costs for the project.

Introduced
May 27, 2025
Assigned to
City Council
Enactment #
219228
View on Legistar

History

  1. Jun 27, 2025
    City Council Mayoral Approval
  2. Jun 26, 2025
    City Council Approved · roll call: pass Meeting agenda, item 6.E.9.
  3. Jun 24, 2025
    Finance Committee Recommended to be discharged with no recommendation Meeting agenda, item 11.
  4. May 29, 2025
    City Council Referred for recommendation Meeting agenda, item 7.6.

Official text

To the Honorable City Council: The Mayor respectfully requests that this Council appropriate $2,055,000 from the Facility Construction & Renovation Stabilization Fund to the Assembly Square Fire Station Capital Account (Fund 5183) to reduce borrowing costs for the project. The appropriation will reduce debt service costs on the FY2026 Budget as well as for subsequent fiscal years. Appropriate staff will be available to answer any questions you may have. Thank you for your consideration of this matter. Respectfully Submitted, Katjana Ballantyne, Mayor